Boeing said on Wednesday it would cut production on its marquee 787 and 777 jet programs and delay ramp up plans on the 737 MAX, as it reported a bigger-than-expected quarterly loss due to the fallout from the COVID-19 pandemic.The outbreak has crippled passenger travel.. Read the news
Shares of Taiwan Semiconductor Manufacturing Co (TSMC) jumped on Monday after US chip maker Intel Corp signalled it may stop manufacturing its own chip components.Intel last week indicated that it may give up manufacturing its own chip designs after falling far behind.. Read the news
International Energy Agency (IEA) anticipates that the electricity demand will grow at 2.1% per year until 2040 around the globe. This increasing demand for energy and power projects is driving the growth of mineral insulated heating cable market globally.The research r.. Read the news
The commercial aircraft industry has witnessed exponential growth in the past few years. This growth is happening because various operators in the industry are developing, overhauling, manufacturing, and rebuilding helicopters, aircraft and airplanes engines, along with.. Read the news
Nine Technology, a Korean correct posture device manufacturing company, has recently been promoting hihip, pelvic care product, to consumers by conducting various marketing to enter China.First, Nine Technology is in the process of influencer marketing through Xiaohong.. Read the news
Established as Medicom HealthPro Limited, the factory will produce hundreds of millions of respiratory and medical masks under the company's leading European Kolmi brand, to meet local needs in the UK. The ongoing COVID-19 pandemic has highlighted the importance .. Read the news
Under the terms of this agreement, Burloak and MDA will collaborate to optimize the design and manufacturability of a range of antenna technologies. The joint efforts accomplished to date by MDA and Burloak have led to an increased acceptance of additively manufactured .. Read the news
The vaccine, among the first to be tested in humans in the United States, was found to produce protective antibodies in a small group of healthy volunteers.Under the deal, Catalent will provide manufacturing services for an initial 100 million doses starting in the thir.. Read the news
Smart helmets are creating a revolution in smart wearable technologies market by safeguarding head while riding a bicycle or motorcycle but even while working in construction or manufacturing sectors. The smart helmets have been going through several technological adv.. Read the news
IoT is disrupting a lot of industries; however, it is the manufacturing sector that is gaining a maximum of it.Here are some of the ways in which IoT is aiding manufacturing industry to advance: Supply chain VisibilitySupply chain visibility is important as well as chal.. Read the news
One thing that clearly can be predicted is China’s past two decades image of being a hardware base for the world will never be the same post pandemic as before. First half of the year 2020 is evident that the economic contagion that is spreading faster than COVID-19 h.. Read the news
MSA, the global firm in the development, manufacture and supply of safety products that protect people and facility infrastructures, today announced that Kenneth Krause, Senior Vice President, Chief Financial Officer and Treasurer will participate in a webcasted confer.. Read the news
The total number of common shares of The Valens Company ("Common Shares") represented by shareholders present during the live audio webcast and by proxy at the Meeting was 53,911,214 Common Shares, representing 42.10% of Valens' total issued and outstanding Common S.. Read the news
Briggs & Stratton Corporation recently announced a new strategic supply agreement with Ingersoll Rand® to power Club Car® vehicles with its Vanguard® Commercial Lithium-Ion Battery Packs."The Vanguard Commercial Lithium-Ion Battery Pack is unique because of its m.. Read the news
GAC MOTOR recently completed the first overseas delivery of its all-electric vehicle, the GE3 SUV. Yakov Ben Hion, the first international GE3 owner, is a technology enthusiast and environmentalist. He believes that a car as a means of transportation, not only solve th.. Read the news
Almost a year ago, the thought of Robotics and automation replacing humans at several places used to scare people, but now with COVID-19 pandemic creating worldwide shutdown, it would have been better if robots were already there doing human jobs.It has already been mor.. Read the news
ProGlove, the ergonomic wearables for industry, is responding to customers' needs in manufacturing, distribution and logistics for a smart solution to help workers maintain proper social distance. Leveraging its MARK family of wearable barcode scanners and ProGlove .. Read the news
MediaBlink/ - Amid the novel coronavirus pandemic, New Orleans-based company MediaBlink responded quickly by re-purposing their in-house production facilities to manufacture face shields, donating to workers on the front lines in need of personal protective equipment .. Read the news
The eSIM assures of a tremendous future towards streamlining the design and connectivity of devices in a swiftly evolving landscape of IoT. In addition, it has been designed for flexible provisioning with the capacity of creating the devices immune to the evolution of f.. Read the news
Abracon, LLC (Abracon), The Heartbeat of the IoT®, a global manufacturer of frequency control, timing, synchronization, RF, connectivity and power solutions, welcomes Amy Keller as the new vice president of global marketing.In her new role, Keller will lead the compa.. Read the news
Servotronics, Inc., a designer and manufacturer of servo-control components and other advanced technology products, announced today the results of its operations for the quarter ended March 31, 2020."The world has been severely impacted by the COVID-19 pandemic," said.. Read the news
ProLogium Technology, a solid-state battery (SSB) manufacturer, announced that it has finished its Series D financing led by BOCGI and FAW Group. Beforehand, the firm had received continuous investment from SBCVC and dGav Capital. The new round of financing will be used.. Read the news
Nivel Parts & Manufacturing Co LLC (Nivel) today announced that it has acquired Seizmik, the aftermarket accessories innovator in the UTV (utility-terrain-vehicle) market. The purchase brings together Nivel's strong online and dealer distribution network in spec.. Read the news
Industrial wearables including AR glasses, VR headsets, smartwatches, and patches are mainly aimed at enhancing workplace efficiency, productivity & safety by continuous monitoring of individuals to avoid any damage to life and industrial assets in manufacturing, logist.. Read the news
Vander-Bend Manufacturing, Inc. ("Vander-Bend"), a portfolio company of Aterian Investment Partners ("Aterian"), is pleased to announce the March 2020 acquisition of TMK Manufacturing, Inc. ("TMK" or the "Company").Based in Santa Clara, California, TMK is a specialty.. Read the news
As it continues diversifying further as global manufacturing and solutions provider, Nicopure Labs is excited to announce that it will now be known as Pure Laboratories.Under this new name, Pure Laboratories will feature divisions to support the manufacturing and distri.. Read the news
In response to the shortage of PPE supplies as a result of COVID-19, Timberlane, an exterior shutter manufacturer located in the suburbs of Philadelphia, PA, has shifted its primary focus from shutters to shields. In addition to their existing 70 employees, Timberlane .. Read the news
Dyndrite™, providers of the core 3D geometry kernel that is used to create next generation additive hardware and software, today announced the appointment of Steve Walton as Head of Product Development at Dyndrite. Steve brings more than a decade of experience in in.. Read the news
Sai Life Sciences, one of India's fastest-growing manufacturing and contract development organizations (CDMOs), today announced its entry into Pharmaceutical membership Supply Chain Initiative (PSCI) as 'associate member'.Giving the welcome Sai Life Scien.. Read the news
Global consumer electronics company Coolpad, today announced that it has switched some of the manufacturing capacity at its China facilities from consumer electronic devices to producing civilian-grade masks and non-contact infrared thermometers.While the global COVI.. Read the news
BlockApps, the leading enterprise blockchain platform provider, is proud to announce their strategic partnership with Optimum, a Modern Software Consulting firm across industries including oil & gas, manufacturing and construction.Optimum has joined the Global BlockA.. Read the news
Honeywell announced that it will immediately expand its manufacturing operations in Smithfield, Rhode Island, to produce N95 face masks in support of the U.S. government's response to the novel coronavirus (COVID-19).Honeywell is ramping up operations to produce mi.. Read the news
Medtronic plc, a global medical technology company, continues to make progress in increasing ventilator production worldwide. The company has increased production by more than 40 percent to date and is on track to more than double its capacity to manufacture and supply.. Read the news
Boeing Co on Tuesday called for a $60 billion lifeline for the struggling U.S. aerospace manufacturing industry, which faces huge losses from the coronavirus pandemic.Reuters first reported that Boeing was seeking “tens of billions of dollars” in U.S. government loa.. Read the news
Air freight rates are skyrocketing after the grounding of many passenger flights in Asia has left shippers scrambling to book limited spots on cargo planes as Chinese industrial production restarts, according to industry insiders.About half of the air cargo carried worl.. Read the news
Sage Clarity's MES ecosystem product suite is a deep feature rich set of modules, integrations, and plug-in applications to expand the manufacturing execution system (MES) footprint. Its capabilities help drive Industrial Internet of Things (IIoT) data collectio.. Read the news
The Italian luxury car manufacturer then approached the experts of KPMG for their guidance as well as collaboration since it set out towards building what would be its first factory of the future. The journey of i4.0 started considering a target customer group for the n.. Read the news
A recent research report states that the National Association of Manufacturers and the Manufacturing Institute indicates that the United States populace ranks manufacturing as a significant sector for the domestic economy. However, merely 30 percent parents with manufa.. Read the news
Singapore Exchange Mainboard listed, Israeli diamond tech company Sarine Technologies Ltd ("Sarine") (U77:SI), a worldwide leader in the development, manufacturing, marketing and sale of precision technology products for the evaluation, planning, processing, measureme.. Read the news
China is not only the hub of manufacturing but also to cryptocurrency mining, as it is the home to some of the biggest manufacturers of mining equipment such as Bitmain and Canaan Creative. And with the travel ban in China these companies weren’t able to ship their p.. Read the news
China could suffer the loss of a million vehicles worth of production as factories in its crucial automotive industry remain shuttered until at least next week — and likely longer in Wuhan, the "motor city" at the center of the coronavirus outbreak.With more than 24,0.. Read the news
Germany’s Siemens on Wednesday reported weaker-than-expected industrial profit during its first quarter as a downturn in the manufacturing sector hit its flagship digital industries business and its wind power unit suffered losses.Chief Executive Joe Kaeser described .. Read the news
Samsung Biologics, a pharmaceutical Contract Manufacturing Organization (CMO), recorded high for the fiscal year 2019, reporting 30.9% growth in sales at 701.6 billion won, and 64.6% growth in operating profit at 91.7 billion won compared to the previous year. The st.. Read the news
On January 27, 2020, post-market, Don Lee Farms issued a press release announcing that "Judge Rules Don Lee Farms Likely to Obtain a Judgment. Beyond Meat's CFO and Others Named Individually for Fraud." The release announced, among other things, that "[a] judge has.. Read the news
2020 may perhaps has taken the world over the verge of next global plague. Up to now, the Wuhan coronavirus outbreak has infected more than 2,000 people – killing nearly 81. It has now started spreading all across the globe with cases reported in Australia, East Asia .. Read the news
India’s corporate and income tax collection for the current year is likely to fall for the first time in at least two decades, over half a dozen senior tax officials told Reuters, amid a sharp fall in economic growth and cut in corporate tax rates.Prime Minister Naren.. Read the news
China is confident of maintaining steady industrial growth this year despite big pressures on the sector, underpinned by tax cuts and broad policy support, Minister of Industry and Information Technology Wei said on Monday.The country’s industrial output topped expect.. Read the news
Here is a brief research about the impact of China-US bilateral trade agreement:Effects over the US exports to China: Export of goods from the US to China has weakened by almost 22 percent. However, it remained of very limited significance to the economy of United State.. Read the news
German unemployment rose more than expected in December, data showed on Friday, adding to signs that weakness in the manufacturing sector is hurting the labor market in Europe’s biggest economy.Data from the Federal Labor Office showed the number of people out of work.. Read the news
Canadian Solar Inc. (the "Company", or "Canadian Solar"), one of the world's largest solar power companies, today announced that it has reached commercial operation on a 1.98 MWp solar power plant in Taiwan.The Hualien Rongkai solar project achieved commercial o.. Read the news
On December 12, 2019, the ALLPCB Annual Commendation Conference has ended successfully in the conference hall in Sundary Building, Hangzhou. The staffs at the Hangzhou headquarters, the representatives of the collaborative factories and the long-term cooperative s.. Read the news
New orders for key U.S.-made capital goods barely rose in November and shipments fell, suggesting business investment will probably remain a drag on economic growth in the fourth quarter.The Commerce Department said on Monday orders for non-defense capital goods excludi.. Read the news
Tekni-Plex is announcing the formation of the Tekni-Plex Medical business unit, which will facilitate the supply of mission-critical, high-value components, materials, and solutions to medical device manufacturers worldwide.The new operating unit will offer products and.. Read the news
U.S. job growth likely accelerated in November as former striking workers returned to General Motors’ (GM.N) payrolls, which would confirm that the economy remained on a moderate expansion path despite a prolonged manufacturing slump.The Labor Department’s closely w.. Read the news
Economic activity in the manufacturing sector contracted in November, and the overall economy grew for the 127th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business.The report was issued today by Timothy R... Read the news
Asian shares slipped on Friday, knocking a global stock index off its path to hitting an all-time peak as investors turned cautious, fearing a new U.S. law backing Hong Kong protesters could torpedo efforts to end the U.S.-China trade war.MSCI All Country world index .M.. Read the news
Women constitutes one of the United States manufacturing’s biggest untapped talent pools. As per the survey conducted recently in the United States nearly 47 percent are working, however merely 29 percent of them are working in manufacturing industry. In addition, wo.. Read the news
There are a lot of challenges that manufacturing companies are facing as US government shifts approach to trade. Amongst these, manufacturing companies can take advantage of the uncertain environment and upgrade their logistics and supply chain management. The three w.. Read the news
The aerospace and defense industry is seeing a healthy growth. While a strong commercial aviation industry is a major reason for this, a stable defense spending and the need to service all platforms throughout their lifecycle are also driving the growth of aerospace and.. Read the news
SKF has, as one of the first industrial companies, issued a green bond. The bond will raise EUR 300 million to fund eligible green projects in accordance with SKF's recently launched Green Finance Framework.SKF's green bond has received much attention from inv.. Read the news
Return on investment (ROI) is a key consideration for defining whether the automation is correct for the business or not. Owing to inherent safety along with the efficiency challenges faced with the manual procedures, robotic welding is considered as one of the most com.. Read the news
Hurt by tighter U.S. sanctions, Iran - a key member of the Organization of the Petroleum Exporting Countries (OPEC) - is expected to have a fiscal deficit of 4.5% this year and 5.1% next year, the International Monetary Fund said in a report on Monday.On Friday, interna.. Read the news
Globalization and digital transformation generally present great challenges to industrial companies. Component manufacturers are forced to meet the increasing demands of the manufacturing industry, to which Procter & Gamble also belongs.P&G engineers and designers requi.. Read the news
BEI Precision Systems & Space Company, Inc., a portfolio company of investment affiliates of J.F. Lehman & Company, announced the recent acquisition of Wenzel Associates, Inc.Headquartered in Austin, Texas, Wenzel is a designer and manufacturer of crystal oscillators, .. Read the news
The “Earplugs to 2025 by Type (Silicone, Custom Molded, Foam, and Flanged), By Application (Sleeping, Noise Reduction, Swimming, Travel and Others) and By End-User (Manufacturing, Construction, Military, Forestry, Healthcare, Mining, Entertainment and Others) – Glob.. Read the news
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